A new report from the Tax Policy Center (TPC), a U.S. nonpartisan joint project of the Brookings Institution and the Urban Institute, looks at the potential revenue yields from a Financial Transactions Tax (FTT) and how the burden of the tax would fall on the U.S. population. It also notes that the … [Read more...]
Finance Sector
Guest blog: how Switzerland corrupted its courts to nail Rudolf Elmer
Update, Oct 10, 2018 - Swiss top court knocks down bid to extend banking secrecy. Good news for Elmer, following his partial victory in 2016. Update, Jan 4, 2016: Elmer has won a partial victory, underlining the main point of this blog. In a civil suit brought by Elmer, the Swiss Federal Court … [Read more...]
Links Jun 26
Stop the Bleeding campaign launched in Nairobi Global Alliance for Tax Justice See also: Stop Africa's $50 billion a year illicit outflow, campaigners say Reuters ActionAid: Tax Competition’s Impact on Developing Countries – Panel Discussion, 7 July, London Tax havens and tax evasion: a … [Read more...]
Links Jun 25
A “historic day” for the Fair Tax Mark UN estimates on tax dodging: Offshore tax zones cost developing countries $100 bln a year - U.N. Reuters, and Companies Avoid Paying $200 Billion in Tax The Wall Street Journal How could you not be excited by the Palma? Uncounted - Alex Cobham's … [Read more...]
Links Jun 23
Global Week of Action: final push for #TaxJustice Global Alliance for Tax Justice Tax Justice to fund free, quality Public Services Global Alliance for Tax Justice French Economist Piketty: Europe’s Stance on Greek Tax Reform Is Hypocritical Greek Reporter Tax matters - Greece bailout deal … [Read more...]
Cayman papers in rare, savage attacks on UK and financial sector
Update: this post is now on Naked Capitalism. Update 2: cop a couple of interesting comments under this blog, including further reading. Not long after a newspaper editor critical of local financial sector corruption fled the Cayman Islands, followed by apparent "tombstones" death … [Read more...]
Links Jun 22
The parallel financial universe of the Cayman Islands Cayman Reporter "...the people of these islands are waking up to the reality that has been kept masked under many shrouds for decades." US official says British government undermined progress on tax avoidance The Guardian See also: Could UK … [Read more...]
New IMF research: tax affects inequality; inequality affects growth
This new graph from the IMF is just the latest piece of research that follows on from the in-depth work of Thomas Piketty and others looking at the relationship between top income tax rates and inequality. The graph here makes the point adequately. Put crudely, the lower the top tax rate, the more … [Read more...]
The Tax Justice Network Podcast, June 2015
June 2015 Tax Justice Network Podcast: … [Read more...]
Links Jun 19
Follow the money: inside the world's tax havens The Guardian Global Week of Action for #TaxJustice: coming events Global Alliance for Tax Justice The BEPS Monitoring Group - Comments on BEPS Action 8: Hard-to-Value Intangibles Tip of the iceberg: the role of the banks in the FIFA story … [Read more...]
New OECD report backs TJN’s Finance Curse research
A new report from the OECD (hat tip: Dan Hind) contributes to what is now accepted wisdom in finance-and-growth circles: too much finance is bad for you. Our Finance Curse analysis explores this in detail. This blog is merely a pointer to the OECD study published a few days ago, which states: "The … [Read more...]
Links Jun 18
Exposed: the million tax dodge ActionAid See the report: An Extractive Affair: How on Australian mining company's ax dealings are costing the world's poorest country millions Nigeria: Remedy for a Trillion Dollar Problem? allAfrica Africa: How everybody holds the continent back New … [Read more...]
Links Jun 16
The Week of Action for #TaxJustice kicks off! Global Alliance for Tax Justice Q&A on Financing for Development and the international tax body Global Alliance for Tax Justice A Billion-Dollar Bank Fraud in Moldova, and 20,000 Opaque British Corporations naked capitalism Desperate for … [Read more...]
The Fair Tax Pledge is launched – please add your support and sign
Welcoming the launch of the Fair Tax Pledge - As described by Richard Murphy: The Fair Tax Pledge is a new idea from the Fair Tax Mark, of which I’m a director. The Fair Tax Mark is aimed at those businesses that are run as limited companies but we’ve always known that there are small, … [Read more...]
Links Jun 12
Global Week of Action: the Campaign Toolkit is ready! Global Alliance for Tax Justice See also earlier blog Join the Global Week of Action for #TaxJustice, June 16-23 World Bank Shifting Policies To Disclose The Real Owners Of Contract Winners Global Witness See also: 107 groups urge World … [Read more...]
